In the Preparation of a Consolidated Statement of Cash Flows

question 2

Multiple Choice

In the preparation of a consolidated statement of cash flows using the indirect method of presenting cash flows from operating activities, the amount of the noncontrolling interest in consolidated income is:

• A) combined with the controlling interest in consolidated net income.
• B) deducted from the controlling interest in consolidated net income.
• C) reported as a significant noncash investing and financing activity in the notes.
• D) reported as a component of cash flows from financing activities.

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Definitions:

Rejected

Being dismissed or turned down, often in the context of social relationships or applications.

Companionate Love

A deep, affectionate attachment characterized by feelings of mutual respect, trust, and concern, as opposed to passionate love.

Passionate Love

An intense emotional state characterized by romantic attraction, sexual desire, and a deep connection with another person.

Obsessed

A state of being excessively and compulsively focused on a particular object, activity, or person, often to an unhealthy degree.